Over the past year, Apple has introduced super-sized iPhones, but the company's next release could be getting smaller.

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Apple is hosting invitation-only launch event today at the company's Cupertino, California, campus at 10 a.m. PT/1 p.m. ET. The event comes one day before Apple and the FBI are set to meet in court regarding an ongoing battle over unlocking an iPhone that belonged to one of the San Bernardino shooters.

With a court hearing the next day, it's possible Apple executives could use the forum to again comment on the battle, which they have previously said puts the privacy of millions of Americans at risk. However, the star of the show -- and the reason for the event -- is likely to be a new iPhone.

Also look out for a few other smaller announcements, which could include new Apple Watch band options and a number of incremental hardware and software updates.

ABC News will be live blogging all of the action, so stay with us for the latest updates.